The 101: FATF – Financial Action Task Force
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 nations to develop policies to combat money laundering. In 2001, its mandate expanded to…
How Bad actors use NGOs and charity institutions to fund their activity and tips to prevent it
Defining Terrorism The US Federal Bureau of Investigation (FBI) defines terrorism as using violence and intimidation to pursue political, social, or ideological goals. People often associate terrorism with violent acts,…
Unusual Activity Detected in a Customer Account: What to Do Next?
An Investigation into a customer’s account has identified that your customer has been involved in suspicious activity. So what do you do next? Do you exit the customer immediately, raise…
Developing the mindset of an investigator? The traits to be developed to become a good financial crime investigator.
So you are planning to become a fin-crime Investigator or take your fin-crime investigations ability to the next level. Here are a few suggestions which I believe will take you…
CB Payments Limited – slapped for hearing and not listening
A Coinbase business in the UK has been fined for not following a regulatory agreement to beef up its defenses against financial crime. This is the first time something like…
Customer Due Diligence (CDD) in Money Laundering Prevention: Performing CDD and steps taken to Investigate a customer
First defining a customer to a business / organization and why to Investigate them? A customer refers to any individual or an entity engaged in a relationship with a business…